Prices Hikes
:
Inflation rate inches up to 17.4% for Sept

Prices Hikes
Inflation rate inches up to 17.4% for Sept

The monthly change rate for September 2015 was -0.1%. This means that the general price level went down by 0.1% between August 2015 and September 2015. The monthly change rate recorded for August 2015 was -0.7%.

The annual (year-on-year) inflation rate for September 2015 was 17.4%. This means that the change in the general price level was 17.4% over the one year period, from September 2014 to September 2015. The year-on-year inflation rate for August 2015 was 17.3%.

Monthly Change (month-on-month)

The monthly change rate for September 2015 was -0.1%. This means that the general price level went down by 0.1% between August 2015 and September 2015. The monthly change rate recorded for August 2015 was -0.7%.

CPI for July – September 2015

Month

Index level

Change rate (%)

Sept 2012=100

Monthly

Yearly

July, 2015

154.5

2.3

17.9

August, 2015

153.3

-0.7

17.3

September, 2015

153.1

-0.1

17.4

Food and Non-food Inflation rate

The rate of inflation has two main components;Food inflation and Non-food inflation

The food inflation rate for September 2015 was 7.8% (compared with 7.7% recorded in August 2015).

The non-food inflation rate for September 2015 was 23.2% (compared with 23.4% recorded in August 2015).

The non-food inflation rate (23.2%) is about three times the food inflation rate (7.8%)

Inflation Rate for Imported and Locally Produced Items

•The inflation rate for imported items was 17.4% in September 2015 (compared with 18.1% recorded in August 2015).

•The inflation rate for locally produced items was 17.3% in September 2015 (compared with 17.0% recorded in August 2015).

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Author

Emmanuel Quist Reporter - Pulse. Ghana's economy is extremely dynamic, with its own politically- induced challenges and successes. I am dedicated to telling stories about the figures, successes and prospects of Ghana's economy. I am a graduate of the University of Ghana, and a journalist in the fourth year of practice